Background

Prior to the creation in 1987 of a regional Formula Three championship in South America, the Codasur championship was held annually between 1983 and 1986. This series utilised chassis of Formula Two specification, which was still actively used in Europe until 1985, but with modified engines that were much more highly tuned. Each of the four drivers' championship titles went to Guillermo Maldonado of Argentina. Maldonado, like many of his contemporaries, also functioned as a team owner.

In response to the replacement of Formula Two with Formula 3000 in Europe, the Codasur Championship's team owners and the governing bodies of national motorsport in the region began collectively to discuss its replacement with a current European or worldwide formula. They wanted a formula that would provide young South American drivers with experience that would be relevant when, or if, they had the opportunity to further their career internationally. Also contributing to the impetus for...Read More